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Orange County Mortgage Insider
Mortgage Insider
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  • Banks offer 20% off foreclosed homes in O.C.
    ForeclosureRadar reports banks were willing to accept 21.5 percent less than what they were owed last month at homes sold during foreclosure auctions in Orange County. That’s a sea change from a year ago, when the average discount was 1.2 percent at trustee’s sales. The discounts are not necessarily tied to what each home is worth [...]

  • OC Register calls on Bush to veto mortgage bailout
    The Orange County Register’s editorial staff called on Bush to veto a housing bill recently passed by the U.S. House of Representatives if the bill proceeds largely unchanged, and perhaps even if it is changed significantly, in the Senate. Please note: we journalists in the newsroom don’t necessarily share the opinions of the editorial staff. However, [...]

  • O.C. one of riskiest places to make a home loan
    First American CoreLogic’s nationwide ranking of riskiest places to make a home loan in the second quarter has Orange County in the Top 10 — probably not the kind of Top 10 the county wants to be a part of. O.C. rose nine slots to No. 8 out of 381 markets. In the first [...]

  • Riding the foreclosure bus
    Register Reporter Cameron Bird wrote a story Saturday about a bus tour of foreclosed properties along the coast of Orange County. The image below is taken from the video (click on it to watch): a kid is climbing down from the roof of a foreclosed property, known as real estate owned or REO. That’s what [...]

  • IndyMac expects to lose money for all of 2008
    IndyMac Bancorp, which has operations in Irvine, said Monday it lost $184.2 million in the first quarter as deteriorating credit markets forced it to lower the value of mortgage-backed securities and warned it would not post a profitable quarter in 2008, reports the Associated Press. That compares with a profit of $52.4 million a year [...]


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